Insider Trading Charges Filed
Against Two in Kmart Deal

WASHINGTON -- Federal authorities Monday brought charges against two men for alleged insider trading on a 1993 Kmart Corp. acquisition of a unit of Intelligent Electronics Inc.

The charges, brought by the U.S. Attorney's office in Detroit and the Securities and Exchange Commission, were levied against Michael J. Garzoni, a former real-estate official at Kmart, and Mark J. Aronds, a Houston real-estate broker.